Hypothetical Question: Buying a THIRD generation G
Joined: Feb 2007
Posts: 665
Likes: 0
From: Bay Area, CA
Hypothetical Question: Buying a THIRD generation G
I financed a 2007 g35 sedan in January for around $37000 OTD. After my 60mo term is up, I will have payed around $41000 (which 1. includes the interest on my loan and 2. assumes that I don't pay off the entire amount earlier to save on said interest).
Leasing was out of the question because I drive 20,000 miles a year. I think the over-mileage penalty would have killed me.
In order to get my money's worth, I know the best thing is to drive the car into the ground, but say after five years when your loan has just been entirely paid off you REALLY wanted a new car (i.e. THIRD generation G), how financially sound (or unsound) is it to sell/trade-in your car right away to get a new one?? Perhaps I should just sell/trade-in the car a few months before the new model is out to get a higher resale value??
I know I'm thinking way in advance here. I've only had my car for few months, but I already feel sick knowing that the VQ37VHR motor will soon make its way into the sedan (making my car a bit dated), so I know I'll be wanting the Third generation once it comes out.
Leasing was out of the question because I drive 20,000 miles a year. I think the over-mileage penalty would have killed me.
In order to get my money's worth, I know the best thing is to drive the car into the ground, but say after five years when your loan has just been entirely paid off you REALLY wanted a new car (i.e. THIRD generation G), how financially sound (or unsound) is it to sell/trade-in your car right away to get a new one?? Perhaps I should just sell/trade-in the car a few months before the new model is out to get a higher resale value??
I know I'm thinking way in advance here. I've only had my car for few months, but I already feel sick knowing that the VQ37VHR motor will soon make its way into the sedan (making my car a bit dated), so I know I'll be wanting the Third generation once it comes out.
around $37000 OTD. After my 60mo term is up, I will have payed around $41000
buying any brand new car is never "sound" from purely financial POV, not only you going to pay other set of interest also the sales tax, higher depreciation/insurance rate... If you have to have a "new" car? better alternative would be buying 1~2 years old car, of course we all know that, but how many of us are actually doing what is the best for ourselfs from financial POV whenever we makes a purcahse?
Thread
Thread Starter
Forum
Replies
Last Post
mamba24
Wheels & Tires
20
Sep 15, 2015 10:37 PM



